Why You Should Never Place A Personal Residence Into A Land Trust

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In today's video, I discuss why you should never put your personal residence into a land trust and what to do if you've already made this common mistake. Learn the crucial differences between land trusts and residence trusts and how to protect your homestead exemption effectively.

I'll walk you through the common misconception of using land trusts for personal residences, the pitfalls of transferring legal and equitable title, and why it's crucial to avoid this mistake.

Plus, I'll share an alternative trust that offers better protection for your home.

Learn how to structure your land trust the correct way 👉 https://aba.link/bet

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Show Notes:
0:00 - Introduction
1:16 - The Setup of a Land Trust
4:12 - Homestead Exemption Explained
7:08 - Issues with Land Trusts for Personal Residences
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ABOUT CLINT COONS

Clint Coons, Esq. has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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